This week, China Textile City, the traditional mass market, the amount of local material is still insufficient to run some small business operators for credit delivery and more capital chain tension has dropped, due to weak demand in the international market is still less than foreign orders, because of local demand for apparel manufacturers down the public fabric spot transactions and orders to undertake local movements continued to show a drop in price reduction. However, some pre-plant-cloth industry, company and size of business outlets innovative fabric R & D intensity is still increasing, fall and winter fabrics of a kind creativity continue to increase the size of marketable quantities of material transactions both, because the more value-added products to upgrade still boost popular and dependable product, marketing, local market continued to show the fall to go smooth.

Analysis of the main price index of textile

"China Keqiao Textile Index" 20,111,107 price index closed at 107.94 points, compared with the previous period fell by 0.28%.

Current price index up 3.12% compared with the beginning of last year, up 6.46% year on year. Period from the first classification showed: raw materials, fabric, apparel fabrics and fashion accessories ranging from the price index decreased, driving the general price index fell slightly. However, a slight increase in home textile price index, the relative constraints of the general price index would decline.

Analysis of the operation this week, the price index

1. International oil price shocks upstream polyester raw material prices tumbled, cotton prices continue to decline. Although international crude oil price shock upstream, but upstream of polyester raw materials, PTA, MEG markets downward price shocks, such as PTA East spot market price of the lower 28 October to discuss the 8950 yuan / ton, to November 4 in 8420 yuan / ton; MEG spot market, the lower East on 28 October to discuss price of 9,000 yuan / ton, to November 4 in 8650 yuan / ton; Zhejiang polyester chips semi-light spot to discuss a lower cash price of acceptance on October 28 at 11,400 yuan / t, to November 4 at 10,700 yuan / ton, the focus continued their downward trend in prices. Domestic cotton prices continue to decline, such as 328 grade of domestic cotton, October 28, to close at 19,432 yuan / ton, to November 4 to close at 19,293 yuan / ton, down 139 yuan / ton; 229 Cotton October 28 to close at 20,837 yuan / ton , from November 4 to close at 20,671 yuan / ton, down 166 yuan / ton.

2. The textile industry, the growth rate gradually declined, Textile City Bank branch to strengthen credit support to SMEs. ① negative factors increase small and medium textile enterprises in production and sales fall. Fluctuations in raw material prices, RMB appreciation, rising labor costs substantially and international market demand, increased uncertainty and a series of negative factors, compounded by monetary tightening this year, loan interest rates and financing difficulties of small micro-enterprises and many other negative factors again led to the domestic textile industry reshuffle, the textile industry has shown the production, sales, effective growth rate gradually declined, the relative decline in export volume growth was the trend. Although the recent high and volatile international crude oil market is among the upstream, but upstream of polyester raw materials PTA, MEG markets fluctuated amid a decline in the trend, Jiangsu and Zhejiang half-light polyester chips, bright polyester chip prices continued to drop, resulting in the recent significant decline in production and marketing of polyester polyester , Jiangsu and Zhejiang Polyester sales fell more than a certain extent, inventories increased significantly Polyester prices, increased labor costs due to lack of demand, the downstream weaving factories mass of small micro-edge products in the break-down rate is still increased. At present the cotton acquired businesses more pessimistic mood, strong psychological farmers reluctant to sell, purchase and sale of seed cotton market stalemate short term is difficult to break. In this overall situation, the state is expected to further surge in the number of purchasing and storage. Current domestic cotton market volume was light, the pattern of weak price trend will continue in the short term. ② Textile City Branch of Bank of innovative financing methods to force SMEs. Textile City Bank branch actively explore new methods of financing for SMEs and the new path, to meet business needs effectively. Service mode to adjust the line often, a way to reduce bank profits will be replaced by exposure to corporate lending acceptance, transfer notes, open letters of credit and other trade finance products and other new financial products, to ensure the production and management of liquidity needs. The bank established a SME Service Centre, to strengthen credit support to SMEs, more positively to the higher line of credit for the size and policy support to ease the shortage of funds and small and medium enterprises in Shaoxing County, the contradiction between getting loans. The bank insisted the three major initiatives this year to maintain the smooth running line of credit, loans do not smoke, does not push loans, small business loan growth higher than the average growth rate, to force the development of SMEs. The bank operation to maximize none other SMEs, the implementation of preferential interest rates for SMEs, especially for enterprises in difficulty, try not to take interest rates go up, go up the way to support small business development.

3. Xiao Shao pure cotton yarn prices are stable or Internet marketing remained weak. Cotton prices continued to fall near the upper reaches of the lack of strong support for the downstream demand, causing prices of cotton varieties continued to fall. Weak due to lower demand, increased wait and see attitude, Xiaoshan and Shaoxing region of pure cotton marketing continues to light, some manufacturers prices continued to drop and low volumes, the marketing environment is still weak, mill inventories increased pressure, there is local production initiatives. China Textile City Qianqing 21S raw cotton knitting yarn market yield on Shandong Silver / First Grade October 28, quoted in the mainstream of 25,000 yuan / ton, to November 4, quoted in the mainstream 24,500 yuan / ton (down 500 yuan / tons). High with cotton yarn 32S Jinan Silver Flower production on / first-class product offer mainstream October 28, 27,500 yuan / ton, to November 4, mainstream offer 27,500 yuan / ton, (the price of basic stalemate).

4. Gray cloths fell slightly. The recent slight decline in textile city gray cloths, traditional markets due to the mass amount of fabric running down, the relative lack of turnover of small businesses, resulting in Textile City market transactions fell slightly gray, natural fiber fabric, chemical fiber fabric ranging from transaction showing declining trend, However, the recent blended fiber fabric is still slightly gray market daily transaction recovery, creative fabric prices rise slightly. Turnover due to the relative lack of local public fabric, pulling fabric, the price index declined slightly.

5. Fabric price index fell slightly, the public still fall turnover fabric. The overall market, finished fabric hang like winter market continues to grow, because the amount of public funds to run chain of fabric tension and compressed profit margins small business credit shipments declined because of weak demand in international markets outside the local single-drop counterparts merchants subscription market is still relatively short, the public fabric prices steady decline in the cotton fabric fabric, polyester wool fabrics, viscose fabrics, viscose fabrics, nylon fabrics ranging from transaction showing declining trend, the mass turnover of the fabric is still insufficient, pull the fabric price index fell slightly. However, some pre-plant-cloth industry, company and size of business outlets for creative products to upgrade autumn and winter fabrics transaction still went smoothly, the difference of the local transactions continue to fall and winter fabrics smooth, innovative fabrics sales continue to go smooth.

Price index forecast next week

Outlook is expected to Textile City and the company of traditional trading trading transaction will be partially increased fall and winter fabrics, having a fall and winter fabrics creative marketing will continue to go well, the local counterpart to boost value-added fabrics, some pre-plant-scale distribution companies and industry autumn and winter fabric of business outlets continue to expand marketing. However, some small and medium business sales continued to show fatigue, weakness in external demand due to a single international market is still insufficient, because of the small business capital chain tension will continue to decline in credit delivery, the public fabric softening prices will remain stable.

Current Bedding, lining materials, polyester fabrics, viscose wool fabrics, apparel linings price index rose in the top five, sales increased compared with last issue, ranging from the amount of unit price of partial representative products was the main rise factors.

Issue cord type, lace, polyester, viscose, nylon fabric, the price index declines in the top five, the amount of volume decline compared with last issue, unit price of partial representative products ranging from the amount of decline is the main factor.

Issued by:

Ministry of Commerce of the People's Republic

Prepared by:

China Textile City Construction and Management Committee

"China Keqiao Textile Index" Construction Office